#Brent Crude Oil - H1
📣 Considering the chart structure on the 1-hour timeframe, in the event of a breakout above the upper boundary of the consolidation pattern in the range of 82.20, one can consider initiating a buy with a target of 85.40.
⛔ Stop-Loss: 81.10
On the other hand, in the case of a breakdown below the 81.10 range, there is an expectation of a price decline towards the 80.00 range.
⛔ Stop-Loss: 82.20
📣 Considering the chart structure on the 1-hour timeframe, in the event of a breakout above the upper boundary of the consolidation pattern in the range of 82.20, one can consider initiating a buy with a target of 85.40.
⛔ Stop-Loss: 81.10
On the other hand, in the case of a breakdown below the 81.10 range, there is an expectation of a price decline towards the 80.00 range.
⛔ Stop-Loss: 82.20
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.